Sterling Infrastructure (NASDAQ:STRL) Shares Gap Up – Time to Buy?

Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) gapped up prior to trading on Tuesday . The stock had previously closed at $143.00, but opened at $149.18. Sterling Infrastructure shares last traded at $142.11, with a volume of 107,584 shares traded.

Wall Street Analysts Forecast Growth

STRL has been the topic of a number of recent research reports. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Wednesday. William Blair assumed coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock.

Sterling Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $4.33 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 2.07 and a beta of 1.26. The business has a fifty day simple moving average of $179.50 and a two-hundred day simple moving average of $151.96.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. The firm had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period in the prior year, the business posted $1.26 EPS. Research analysts anticipate that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sterling Infrastructure

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP raised its position in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Sterling Infrastructure in the third quarter worth $26,000. Huntington National Bank lifted its stake in shares of Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares during the period. Signaturefd LLC grew its holdings in shares of Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock valued at $43,000 after buying an additional 161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Sterling Infrastructure in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.